Jacobs Asset Management LLC Makes New Investment in Triumph Financial, Inc. $TFIN

Jacobs Asset Management LLC acquired a new position in Triumph Financial, Inc. (NYSE:TFIN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,497 shares of the company’s stock, valued at approximately $720,000.

Several other institutional investors have also added to or reduced their stakes in TFIN. Royal Bank of Canada raised its holdings in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after purchasing an additional 11,694 shares in the last quarter. AQR Capital Management LLC raised its holdings in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after buying an additional 564 shares during the period. Norges Bank purchased a new stake in shares of Triumph Financial in the 2nd quarter worth about $304,000. Finally, First Trust Advisors LP grew its position in shares of Triumph Financial by 59.8% in the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after buying an additional 9,052 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Performance

Shares of NYSE TFIN opened at $75.93 on Friday. The firm’s 50-day moving average price is $66.60 and its 200-day moving average price is $63.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.81 billion, a PE ratio of 63.80 and a beta of 1.39. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $77.84.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. As a group, analysts anticipate that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Analyst Ratings Changes

TFIN has been the topic of a number of recent research reports. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.75.

Insider Transactions at Triumph Financial

In related news, insider Todd Ritterbusch purchased 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares in the company, valued at $1,528,096.04. The trade was a 44.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.51% of the company’s stock.

About Triumph Financial

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.